Europe grows, but Chinese credit growth slows + MORE Nov 14th

A large Air Miles bonus for Rexall purchases is the highlight today! News, Tips & Tricks Icelandair Saga Club has opened up their program to 12 to 18 year olds. To most of this may not mean much but with Icelandair expanding their services in Canada quite rapidly, offering great deals on flights to Iceland and Europe it makes sense to join this program if you are flying with them. This is especially so since they have no real partnerships with other frequent flyer programs. Find out more about this program enhancement here. Another 3 day Air Miles deal at Rexall this weekend. This time its 25x the base miles when you spend $50 or more on most things in the store. Since you earn 1 Air Mile for every $20 you’ll want to try to make your purchases reach $60 or any multiple of $20 after that. Of course the more you spend the bigger the bonus but don’t go out of you’re way just to earn more miles.  Find out more on the Rexall eFlyer Bonus Offers AeroMexico Club Premier- Earn up to 6x Club Premier Kilometers on Hertz rentals in Germany, Belgium, Canada, Spain, USA, France, Italy, Holland, Luxembourg, Mexico, Puerto Rico and the United Kingdom…

Top of the morning
At Vox EU, Peter Temin and David Vines observe that the debate over the efficacy of Keynesian-style stimulus in the response to economic turmoil in Europe is  a case of plus ça change, plus c’est la même chose:
Keynes faced exactly this opposition in 1930…[people who] simply denied that increased government spending would have any beneficial effect.
Keynes opposed this view, but he did not have an alternate theory with which to refute it.  The result was confusion in which Keynes was unable to convince a single other member of the Macmillan committee to support his conclusions. It took five years for Keynes to formulate what we now call Keynesian economics and publish it in what he called the General Theory.
He based his new theory on several assumptions, two of which are relevant here. He assumed that consumers are only forward-looking part of the time, being restrained by a lack of income at other times, and that many prices are not flexible in the short run wages in particular are “sticky…

There were a few shakeups in the personal finance scene this week – are you able to adapt? On the mortgage front, prospective home buyers find themselves under the microscope as new rules charge insurers with better regulating the lending industry. Meanwhile, new interchange fees could signal changes to your favourite credit card features. But don’t fear – we have you covered. Read on for the latest.
 In Mortgages: New Scrutiny for Mortgage Borrowers: B-20 and B-21 Updates
Watch out mortgage applicants: the latest set of mortgage rules have been put in place, targeting high risk borrowing and shoddy lender practices. Mortgage insurers are now tasked with closely regulating the banks and their home financing practices. Read on to see how this recent changes will affect home buyers.
Read Penelope’s Blog | New Scrutiny for Mortgage Borrowers
In Credit Cards: What If My Bank Changes My Credit Card Agreement?
The terms of your credit card are bound by contract with your lender – but what if they decide to introduce changes to existing features, promos and fees? It’s important to know your rights, understand the changes and take action – here’s what customers should do in the case of a cardholder agreement shakeup…

Top of the morning
At Vox EU, Peter Temin and David Vines observe that the debate over the efficacy of Keynesian-style stimulus in the response to economic turmoil in Europe is  a case of plus ça change, plus c’est la même chose:
Keynes faced exactly this opposition in 1930…[people who] simply denied that increased government spending would have any beneficial effect.
Keynes opposed this view, but he did not have an alternate theory with which to refute it.  The result was confusion in which Keynes was unable to convince a single other member of the Macmillan committee to support his conclusions. It took five years for Keynes to formulate what we now call Keynesian economics and publish it in what he called the General Theory.
He based his new theory on several assumptions, two of which are relevant here. He assumed that consumers are only forward-looking part of the time, being restrained by a lack of income at other times, and that many prices are not flexible in the short run wages in particular are “sticky…